These Markets Are Beating the Dow Today

Many investors never look beyond the blue chip companies that make up the Dow Jones Industrial Average (INDEX: ^DJI  ) . With a reputation for relative safety and security, Dow stocks typically get rewarded on good market days like today, when the Dow has been up most of the day. The index rose as much as 100 points earlier this afternoon.

But to get the complete picture of what the financial markets are doing, you simply have to look beyond the Dow. Let's get a quick fix on how other key markets have performed today, including many that are actually beating the Dow:

  • European stocks closed with gains that were far greater on a percentage basis than the Dow's advance, with London's FTSE 100 (INDEX: ^FTSE  ) up 1.4%, the German DAX (INDEX: ^GDAXI  ) rising 1.5%, and the French CAC 40 jumping 1.6%. Even as most investors on the Continent have minimal expectations of any great progress for this week's summit of European Union leaders, markets were overdue for at least a modest bounce after a streak of declines that pulled European stocks down hard over the past week.
  • Overnight, Asian stocks also managed modest gains that topped the Dow's advance. With its still-important export businesses, Asia remains dependent on health in the European economy, so it's also looking at how eurozone nations address their ongoing crisis. At the same time, the secondary effects of a European slowdown also compete with the primary impact of slowing growth in China.
  • Oil finally put in a strong performance, rising more than $1 per barrel to jump over the $80 mark. That helped push ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) up by 1% or more, but it also signals broader optimism about the resiliency of the world economy. Moreover, falling energy costs could have a large positive impact -- not just on cash-strapped consumers, but also on heavy industrial users of fuel, such as airlines.

Think long-term and win
Don't worry if you're not beating the Dow today. It's way more important to have good performance over long periods of time. To get some help in that regard, let me suggest looking at The Fool's latest special report, where you'll find revealed the three Dow stocks dividend investors need. The report is absolutely free, so just click here and get your copy today.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. Motley Fool newsletter services have recommended buying shares of Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (9)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1926428, ~/Articles/ArticleHandler.aspx, 10/25/2014 12:29:17 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement